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cliff deadline. >> glor: nancy cordes, thank you. major garrett has been following developments at the white house. major, what is the president's next move? >> reporter: it is not a breakthrough but it is a glimmer of hope. officials tell cbs news the president will meet with harry reid, mitch, house speaker john boehner, democratic leader nancy pelosi tomorrow afternoon at the white house. to try to find out if there is a way to avert the fiscal cliff. today, after the president returned from his vacation in hawaii, he did meet with his senior advisors. they did conduct some back- channel negotiations as they have been during the holidays on a bill to possibly avert the fiscal cliff. those talks i'm told did not make much progress. the face-to-face conversations may fact create the possibility of a breakthrough. but right now the president has no new proposals to give his congressional leaders. he will stick with what he told the nation on friday-- raise income taxes for households earning more than $250,000, extend unemployment be
cliff deadline. >> glor: nancy cordes, thank you. major garrett has been following developments at the white house. major, what is the president's next move? >> reporter: it is not a breakthrough but it is a glimmer of hope. officials tell cbs news the president will meet with harry reid, mitch, house speaker john boehner, democratic leader nancy pelosi tomorrow afternoon at the white house. to try to find out if there is a way to avert the fiscal cliff. today, after the president...
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turning now to what may be the phrase of the year, the fiscal cliff, and with the calendar as the enemy the two sides desperate to hammer out a deal. this afternoon the president will sit down with congressional leaders at the white house. the hope is that both sides can agree to a compromise to prevent the economy from sliding back into a recession. but judging from some of the rhetoric on capitol hill, we still got a long way to go, folks. >> if we go over the cliff, we will be left with the knowledge that could have been prevented with a single vote. american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a de dictatdec dictatorship of the speaker. john boehner seems to care more about keeping his speaker ship. he's waiting until january 3rd to get reelected as speaker before he gets serious with negotiations. because he has so many people over there. that won't follow what he wants. that's obvious from the debacle that took place last week. >> tough words from the democrats. to the republicans,
turning now to what may be the phrase of the year, the fiscal cliff, and with the calendar as the enemy the two sides desperate to hammer out a deal. this afternoon the president will sit down with congressional leaders at the white house. the hope is that both sides can agree to a compromise to prevent the economy from sliding back into a recession. but judging from some of the rhetoric on capitol hill, we still got a long way to go, folks. >> if we go over the cliff, we will be left...
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david gregory will have an exclusive interview with president obama on the fiscal cliff crisis this sunday on "meet the press." >>> and now to the weather. and more snow is on the way as we head into the new year's weekend, and that may not be the end of it. the weather channel's chris warren joins me now. chris, good evening. >> good evening to you, too, natalie. we are watching a storm right now developing that will bring some snow to the northeast. the satellite does show that storm right now taking shape in the southeast, and it is going to move into the northeast. it's tapping into some gulf of mexico moisture. we're going to watch the timing right now. tomorrow morning, snow will be flying in the ohio valley throughout much of pennsylvania. during the day, moving into philadelphia, new york city and then into connecticut and boston by the evening. some of this blue in here, as the storm intensifies, that blue indicates some of the heavier snow. when it's all said and done, we're going to see several inches of snow in some spots. but it's going to be a fast-mover. by tomorrow night, t
david gregory will have an exclusive interview with president obama on the fiscal cliff crisis this sunday on "meet the press." >>> and now to the weather. and more snow is on the way as we head into the new year's weekend, and that may not be the end of it. the weather channel's chris warren joins me now. chris, good evening. >> good evening to you, too, natalie. we are watching a storm right now developing that will bring some snow to the northeast. the satellite does...
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the. >> thank you, senator. >> the fiscal cliff isn't the only looming deadline. geithner is warning the nation will hit their debt ceiling on new year's eve. how will it impact your wallet? we are joined by rich edson. nice to see you. what will it mean for everyone? >> if you are borrowing money that could be problem matt ag. analysts say if we surpass the debt ceiling, and the pressurery department can do accounting and buy us a little more time, about $200 billion more time. but if we do surpass that point, interest rates would go up if you are looking to borrow money. money invested in the stock market, analysts predict worldwide markets would have major problems. if you get payments from the government in any form, whether paidfy the government, whether your job is involve in the government or if you get social security checks, if you get veterans benefits, if your government pace your healthcare, all of that could be at risk if there's not enough money or borrowing authority to pay the bills. >> you mentioned the word extraordinary circumstances. what a nic
the. >> thank you, senator. >> the fiscal cliff isn't the only looming deadline. geithner is warning the nation will hit their debt ceiling on new year's eve. how will it impact your wallet? we are joined by rich edson. nice to see you. what will it mean for everyone? >> if you are borrowing money that could be problem matt ag. analysts say if we surpass the debt ceiling, and the pressurery department can do accounting and buy us a little more time, about $200 billion more...
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. >>> why do some washington power brokers want to go over the fiscal cliff? the political brief sing next. first, the amr moment of 2012 that left us all speechless. i'm not kidding. this literally left me speech weathers it happened. you will remember it. >> contraceptive thing, my gosh, it is such inexpensive. back in my days, they used bayer aspirin, they put it between their knees and it was not that costly? ? >> excuse me, i'm just trying to catch my breath from that. >>> this afternoon's meeting feels like optics, to make it look like we are doing something. let me say one more time, this is a total dereliction of duty at every level. i have been surprised that -- the president has not laid out a very specific plan to deal with this. but candidly, congress could have done the same. and i think that the american people should be disgusted. >> this's just four days until washington drives off the so-called fiscal cliff. something both democrats and republicans have called a worst case scenario. is temporarily going tv cliff is a best-case scenario for all
. >>> why do some washington power brokers want to go over the fiscal cliff? the political brief sing next. first, the amr moment of 2012 that left us all speechless. i'm not kidding. this literally left me speech weathers it happened. you will remember it. >> contraceptive thing, my gosh, it is such inexpensive. back in my days, they used bayer aspirin, they put it between their knees and it was not that costly? ? >> excuse me, i'm just trying to catch my breath from that....
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thank you. >>> there is a lot at stake, only three days to go before the fiscal cliff when tax heights and spending cuts kick in. president obama and congressional leaders are meeting at the white house right now trying to figure out a way to avoid it. negotiation have been under way for about an hour. steve handelsman joins us. so far no deal? >> i'm checking. so far the meeting continues, which could be a bad sign, can it? sources here on the hill say in today's meeting president obama planned to be kind of tough, figuring that he has gotten the advantage back to the extent anybody has the advantage this close to the cliff and that he'll push hi original demand, the tack rates rise on income over a quarter million dollars. it's a positive sign, the first meeting since mid-november of the four congressional leaders, democrats and republicans at the white house. called by president obama, house speaker jane boehner, the key figure. >> the fact that he's come back and the four of them are at the table means to me we could come up with some kind of agreement. >> reporter: both sides want
thank you. >>> there is a lot at stake, only three days to go before the fiscal cliff when tax heights and spending cuts kick in. president obama and congressional leaders are meeting at the white house right now trying to figure out a way to avoid it. negotiation have been under way for about an hour. steve handelsman joins us. so far no deal? >> i'm checking. so far the meeting continues, which could be a bad sign, can it? sources here on the hill say in today's meeting...
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within possible effect of the fiscal cliff/fro, -- milk prices could spike two or three dollars a gallon because farm -- some are calling that dairy cliff. >>> 6:17. mike here tracking light rain.i. l >> i'd like to. >> here's mike with the weather. >>> thank you, hope you are having a great friday morning dry sky over san francisco from the east to sutro tower. light rain showing up off the sonoma county coast,oo8Ñ let's zoom down and show you highway 1 from to inverness looks like it is raining but not reaching the ground. sprinkles possible during the as air mass start to moisten under this flow from the west. best chance of light rain around noon and later this afternoon. until then, chilly, dress for temperatures in the 30s everywhere, except fremont, 41, oakland if you are san francisco 44, monterey bay, everybody in the 30s except salinas at 40, monterey at 43. today cool start, sprinkles through the morning, light rain this afternoon. that will taper to showers overnight through saturday morning, saturday afternoon, the dry weather hands around sunday through tuesday. here's a l
within possible effect of the fiscal cliff/fro, -- milk prices could spike two or three dollars a gallon because farm -- some are calling that dairy cliff. >>> 6:17. mike here tracking light rain.i. l >> i'd like to. >> here's mike with the weather. >>> thank you, hope you are having a great friday morning dry sky over san francisco from the east to sutro tower. light rain showing up off the sonoma county coast,oo8Ñ let's zoom down and show you highway 1 from to...
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back to you. >> thank you. >>> what do you think about congress not reaching a deal on the fiscal cliff? do you think it is possible that i compromise will be reached before the deadline. share your comments on our facebook page. just search for fox 5 morning news. no space between fox and the number 5. we may share your comments on air. >> i'm sure you all have a lot to say. we would love to hear t. >>> a big story we are following. norman schwarzkopf has died. the retired general died from come indications of pneumonia. he was given the nickname stormin' norman and best known for leading international forces in iraq against shad's invasion of kuwait in 1991678 the 78-year-old managed to live a quiet retired life in tampa and kept pretty quiet on the u.s.'s decision to go to war with iraq again. >>> also this morning, former president george h. w. bush remains in intensive care at a texas hospital this morning. his chief of staff says his family is confident the 41st president will leave the hospital but expects to be there for a while. he is battling bronchitis, a lingering fever amon
back to you. >> thank you. >>> what do you think about congress not reaching a deal on the fiscal cliff? do you think it is possible that i compromise will be reached before the deadline. share your comments on our facebook page. just search for fox 5 morning news. no space between fox and the number 5. we may share your comments on air. >> i'm sure you all have a lot to say. we would love to hear t. >>> a big story we are following. norman schwarzkopf has died....
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nancy cordes, thank you. income taxes won't be the only taxes going up if there's no agreement. estate taxes paid by those who inherit property will also jump. here's john blackstone. >> reporter: jeff page owns 120- cre vineyard in california's napa valley. but when his great-grandfather started farming here in the late 1800s, this was cattle country. >> both sides of the family came en before the turn of the century, and farmed orchard fruit and cattle. he reporter: but much of the land he grew up on is gone, sold to pay estate taxes after his grandfather's death. had land back in the hills over there? >> yeah. >> reporter: had to sell it all. >> had to sell all of it? i reporter: estate tax? >> yes. >> reporter: his grandfather died in 1972 when estate taxes were at an all-time high: 77%. >> it was a big tax bill. it was half-a-million dollars. we sold off 150 acres; gave us hemething to pay the tax with. >> reporter: now, jeff and his wife mary worry their dream of passing the land on to their two daughters will be ruined by the lifcal cliff. the estate tax rate would rise f
nancy cordes, thank you. income taxes won't be the only taxes going up if there's no agreement. estate taxes paid by those who inherit property will also jump. here's john blackstone. >> reporter: jeff page owns 120- cre vineyard in california's napa valley. but when his great-grandfather started farming here in the late 1800s, this was cattle country. >> both sides of the family came en before the turn of the century, and farmed orchard fruit and cattle. he reporter: but much of...
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that is does 30 as we get mighty close to the fiscal cliff. harris? >> harris: mike emanuel thank you very much. more coming up on the get-together tomorrow at the white house whether it will be or not to try to work out a solution. that is coming up at the bottom of the hour. >>> the stubborn winter storm sticking around across much of the nation's eastern half. the same weather system that slammed the south and dumped know snow on the midwest bringing misery to the northeast and new england. causing new trouble for post holiday travelers. an american airlines plane ended up stranded on a snow. >> tarmac in pittsburgh. just outside new york city a southwest jet got stuck in the mud after skidding off the runway. in some of the hardest hit area the roads are even worse. >> i lost count of number of cars in the ditch. a jackknifed tractor trailer and a horse trailer turned over. >> i have seen ten cars in an accident. i saw a lexus fly into the ditch. >> i wish people would slow down a little bit, you know. it is pretty slick. >> harris: the storm will
that is does 30 as we get mighty close to the fiscal cliff. harris? >> harris: mike emanuel thank you very much. more coming up on the get-together tomorrow at the white house whether it will be or not to try to work out a solution. that is coming up at the bottom of the hour. >>> the stubborn winter storm sticking around across much of the nation's eastern half. the same weather system that slammed the south and dumped know snow on the midwest bringing misery to the northeast...
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over the so-called fiscal cliff. president obama is meeting with congressional leaders at the white house. today's talks come as house lawmakers prepare to return to washington for a rare sunday evening session. nbc's danielle lee joins us live on the hill. good morning, danielle. >> erika, good morning. the pressure is on with just four days left to avoid the fiscal cliff. an unsuccessful meeting between the president and congressional leaders could seal this country's fate. this is in many ways a final opportunity to reach a deal. another development, house members no longer on stand by. they're now coming back to washington by sunday evening to be ready for a vote without a deal taxes will go up on every work rer. unemployment benefits, the extensions will expire and there's going to be spending cuts that could threaten a recession. with all of that at stake, senators back early yesterday from their holiday, they were still continuing the bickering. republicans say they are willing to compromise on taxes. but not
over the so-called fiscal cliff. president obama is meeting with congressional leaders at the white house. today's talks come as house lawmakers prepare to return to washington for a rare sunday evening session. nbc's danielle lee joins us live on the hill. good morning, danielle. >> erika, good morning. the pressure is on with just four days left to avoid the fiscal cliff. an unsuccessful meeting between the president and congressional leaders could seal this country's fate. this is in...
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if it goes over the fiscal cliff, it will hurt the republicans more. host: thank you for the call. a photograph of the president, cutting short his vacation. leaders were blaming each other for the stalled negotiations just days before tax increases lock in. more from the floor of the senate yesterday, harry reid. [video clip] >> speaker boehner should not have that members go back. they are not here. they are not here. john bennett seems to keep more about keeping his speakership than keeping the nation on firm financial footing. he is waiting until january 3 to get reelected as speaker. he has so many people over there that will not follow what he wants. that is obvious from the debacle that took place last week. host: back to your calls and comments. negotiations resumed at 3:00 p.m. this afternoon at the white house. north carolina on the republican line, good morning. caller: how are you/ i'm doing well -- how are you? the budget as far as the epa, i wonder if that would help cutting the budget, plus cutting entitlement spending. instead of raising taxes and lower deduction, i
if it goes over the fiscal cliff, it will hurt the republicans more. host: thank you for the call. a photograph of the president, cutting short his vacation. leaders were blaming each other for the stalled negotiations just days before tax increases lock in. more from the floor of the senate yesterday, harry reid. [video clip] >> speaker boehner should not have that members go back. they are not here. they are not here. john bennett seems to keep more about keeping his speakership than...
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. >>> it could be a make or break day for fiscal cliff negotiations. still ahead, what is happening in just hours that could produce a last-minute deal. >>> the countdown is also on on sunday's big game. the redskins and cowboys, so much on the line for both teams. dave ross is here with a closer look at the rivalry and match- up. we'll be right back. >>> welcome back. the northeast starting to dig out after a massive winter storm dumped up to two feet of snow across upstate new york and northern new england. heavy rain and strong winds pounded coastal areas already devastated by superstorm sandy. the storm system is now blamed for at least 16 deaths nationwide. here in our area, maryland is reporting a death of a man in frederick county due to hypothermia. this has been a mess. >> been a busy week. >> so we've done round one and round two. are you ready for wound round three? >> bring it on. >> not going to be a major event but we do have snow back in the forecast for the day saturday. >> that was kind of a letdown there. >> there we go. >
. >>> it could be a make or break day for fiscal cliff negotiations. still ahead, what is happening in just hours that could produce a last-minute deal. >>> the countdown is also on on sunday's big game. the redskins and cowboys, so much on the line for both teams. dave ross is here with a closer look at the rivalry and match- up. we'll be right back. >>> welcome back. the northeast starting to dig out after a massive winter storm dumped up to two feet of...
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on her way to the fiscal cliff. thank you very much. heather: russian president vladimir putin accused of playing politics with the lives of orphans. signing a bill banning americans from adopting russian children. bad news has left dozens of american families heartbroken. amy kellogg is live in london with details. reporter: heather, one russian activist says that every member of the russian parliament voted for this measure should be obliged to adopt a russian child of his or her own. there are 700,000 russian children who need a home. only 18,000 russian families who signed up to adopt. this new law was named after a russian baby that died in the custody of his american adoptive parents. he was neglected. but it is really believe that the reason for this law was another law that was just passed in washington, so it is a response to the american law punishes human rights violators in russia. it was sparked by the death of a russian lawyer who died died in jail investigating a fraud case at the request of americans in russia. it single
on her way to the fiscal cliff. thank you very much. heather: russian president vladimir putin accused of playing politics with the lives of orphans. signing a bill banning americans from adopting russian children. bad news has left dozens of american families heartbroken. amy kellogg is live in london with details. reporter: heather, one russian activist says that every member of the russian parliament voted for this measure should be obliged to adopt a russian child of his or her own. there...
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patti ann: maria mow lean a thanks. gregg: the fiscal cliff is not the only threat facing the u.s. economy right now. shipments of all kinds could actually be stuck on cargo ships if a longshoreman strike goes ahead as planned. the stakes for the recovery coming up. patti ann: high noon in those fiscal cliff negotiations. >> nothing have move forward in regards to our budget crisis unless speaker boehner and mitch mcconnell will go forward with our plan. speaker boehner is willing to negotiate, we have not heard a word from mitch mcconnell, and nothing is hang. patti ann: chris vanhollen joins us next. pwhrafp [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. . patti ann: fox news alert, potentially good news for the nation's housing market. pending home sales, which measure homes that are in contract and about to be sold rose
patti ann: maria mow lean a thanks. gregg: the fiscal cliff is not the only threat facing the u.s. economy right now. shipments of all kinds could actually be stuck on cargo ships if a longshoreman strike goes ahead as planned. the stakes for the recovery coming up. patti ann: high noon in those fiscal cliff negotiations. >> nothing have move forward in regards to our budget crisis unless speaker boehner and mitch mcconnell will go forward with our plan. speaker boehner is willing to...
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. >> thank you. just four days from going over the fiscal cliff. within the past 24 hours there have been no signs of a deal. lawmakers continue to blame each other for the stalemate. edthat has prompted president obama to call a meeting at the white house. >> in what is seen as an aa last-minute attempt president obama has called a meeting with nancy pelosi, mitch mcconnell, john boehner, and harry reid. they have before you are days to reach an agreement or the u.s. economy will go off the fiscal cliff. s when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides if are involved in a high-stakes political blame game. >> we are here in washington working. the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president will be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline. as i said, this is a conversation we shoul
. >> thank you. just four days from going over the fiscal cliff. within the past 24 hours there have been no signs of a deal. lawmakers continue to blame each other for the stalemate. edthat has prompted president obama to call a meeting at the white house. >> in what is seen as an aa last-minute attempt president obama has called a meeting with nancy pelosi, mitch mcconnell, john boehner, and harry reid. they have before you are days to reach an agreement or the u.s. economy will...
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thank you. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more
thank you. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but...
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thank you. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more
thank you. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but...
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you know about the fiscal cliff. here comes the container cliff. long shoremen plan to go on strike. that could cost american companies about billion dollars a day. anna werner is in houston at one of the ports that could be facing a walkout. good morning. >> reporter: good morning, rebecca and jeff. yes. there are two days to go before the strike deadline. they're at an impasse. at issue is pay for those working in the ports. but if it doesn't get resolved, the consequence could be a devastated impact on the economy. as the rest of the country focuses on the gridlock in houston, many are working overtime trying to get as many shipments out as they can before it comes to a standstill. the vice president of the national retail federation says a shutdown at the docks would have a ripple effect on the global economy. >> the ports are a primary piece of the global supply chain. if they're not operating efficiently, it slows down the system and hurts everything using the system. >> reporter: negotiations between the international longshore men union and
you know about the fiscal cliff. here comes the container cliff. long shoremen plan to go on strike. that could cost american companies about billion dollars a day. anna werner is in houston at one of the ports that could be facing a walkout. good morning. >> reporter: good morning, rebecca and jeff. yes. there are two days to go before the strike deadline. they're at an impasse. at issue is pay for those working in the ports. but if it doesn't get resolved, the consequence could be a...
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thank you both for bei iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economistst arthur lapert joins us to tell us how this game stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail manicks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >> is very sad, but this legislation is what is said. the legislation has the expiration of the tax cuts after 10 years. if nothi is done, all tax rates go up. what you see happening allowing some of them to go, all of them to go up, it is a verydifficult situation for speaker boehner and the house republicans to be in. i feel very soy for them. they
thank you both for bei iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economistst arthur lapert joins us to tell us how this game stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class....
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thanks for watching. "early start" begins right now. >>> crunch time for the fiscal cliff. the key players to meet at the white house with just four days left until the deadline. >> they called him stormin norman. america remembering general norman schwarzkopf. >> and have gun, will teach. hundreds of educators get a hands-on lesson in firearms. controversial proposal. good morning. welcome to "early start." 5:00 a.m. in the east. >>> it is the last friday of 2012. i've just had that pointed out to us. one final desperate attempt to dodge the fiscal cliff, just four days left before we go over the edge triggers tax hikes, spending cuts that could send the nation back into recession. the president calling for members of the congress the back. a gang of six attending. vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority le
thanks for watching. "early start" begins right now. >>> crunch time for the fiscal cliff. the key players to meet at the white house with just four days left until the deadline. >> they called him stormin norman. america remembering general norman schwarzkopf. >> and have gun, will teach. hundreds of educators get a hands-on lesson in firearms. controversial proposal. good morning. welcome to "early start." 5:00 a.m. in the east. >>> it is the...
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. >> thank you, you do, too. >> julia: washington teeters on a fiscal cliff. one ohio county is sitting debt-free and how do they do it? five folks meeting in the white house, maybe they should check it out. what happened to joane cunning ham it is it a sad story. the top celebrity melt down of 2012. ♪ ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed
. >> thank you, you do, too. >> julia: washington teeters on a fiscal cliff. one ohio county is sitting debt-free and how do they do it? five folks meeting in the white house, maybe they should check it out. what happened to joane cunning ham it is it a sad story. the top celebrity melt down of 2012. ♪ ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because...
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Dec 29, 2012
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about a deal to avert the fiscal cliff. they spoke on the senate floor after a meeting at the white house. >> i talked to the republican leader generally, everyone knows we have been to the white house, we have had a constructive meeting. we hope that something positive will come from that. the republican leader and i and our staffs are working to see what we can come up with. we should not take a long time to do that. it would be in everybody's interests if we were not in session tomorrow. it is my plan to come in at 1:00. we have an hour in a previous agreement that we have, an hour of debate on that, we will have a vote. we have another vote that has been set up -- a simple majority -- >> mr. leader, you're talking about sunday? >> yes. for us, we will have another caucus following that, and by that time we will make a determination, senator mcconnell and i, whether we can do something on the floor in addition. i think we need that time to have everybody step back a little bit. if we come up with something that is not th
about a deal to avert the fiscal cliff. they spoke on the senate floor after a meeting at the white house. >> i talked to the republican leader generally, everyone knows we have been to the white house, we have had a constructive meeting. we hope that something positive will come from that. the republican leader and i and our staffs are working to see what we can come up with. we should not take a long time to do that. it would be in everybody's interests if we were not in session...
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Dec 30, 2012
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thank you both very much. >> thank you. tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does n move fast, you're going to get note that the supermarket, and you're going to pay a lot more fr that milk and cheese . hurricanes and the victims need help. waington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast,
thank you both very much. >> thank you. tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does n move fast, you're going to get note that the supermarket, and you're going to pay a lot more fr that milk and cheese . hurricanes and the victims need help. waington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ [ male announcer ] you are a business pro. omnipotent...
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Dec 28, 2012
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has been with us all week tackling the fiscal cliff's effects on your pocketbooks and he'll be back with us next week with more advice to keep you ahead of washington. >>> this is interesting, some are calling this the container cliff, thousands of dockworkers from maine to texas are threatening to strike on sunday. we're going to tell you about how this could cost you and affect the economy. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pri
has been with us all week tackling the fiscal cliff's effects on your pocketbooks and he'll be back with us next week with more advice to keep you ahead of washington. >>> this is interesting, some are calling this the container cliff, thousands of dockworkers from maine to texas are threatening to strike on sunday. we're going to tell you about how this could cost you and affect the economy. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve...
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Dec 28, 2012
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so much. >>> you know about the fiscal cliff. here comes the container cliff. dockworkers threaten to go on strike this sunday at more than a dozen major seaports from texas to massachusetts, and that could cost american companies about $1 billion a day. ana anna werner good morning. >> reporter: good morning. there are only two days left after a potential strike and negotiations between the longshoremen longshoremen's union and shipping companies are at an impasse. at issue here is pay for those working at the ports, but if the issue isn't resolved the consequences could be a devastating impact on the economy. as the rest of the country focuses on the political gridlock in washington workers at the port of houston are working overtime trying to get as many shipments in and out as they can before a threatened strike brings the port to a standstill. >> sitting here right now we fully expect there will be some shutdown or strike at the end of the day. >> reporter: jon gold vice president of the national retail federation says a shu
so much. >>> you know about the fiscal cliff. here comes the container cliff. dockworkers threaten to go on strike this sunday at more than a dozen major seaports from texas to massachusetts, and that could cost american companies about $1 billion a day. ana anna werner good morning. >> reporter: good morning. there are only two days left after a potential strike and negotiations between the longshoremen longshoremen's union and shipping companies are at an impasse. at issue here...
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Dec 29, 2012
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thank you both very much. >> thank you. tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does not move fast, you're going to get note that the supermarket, and you're going to pay a lot more for that milk and cheese . hurricanes and the victims need help. washington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ progressive claims. this is flo. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims service. ♪ tom: the senate just passing the $60 billion hurricane s&p relief bill in the last hour. now heads to the house for a possible weekend vote. the senate passing is good news for the victims of sandy, but the bill is also packed with projects that have nothing to do with the storm, like a new roof for the sm
thank you both very much. >> thank you. tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does not move fast, you're going to get note that the supermarket, and you're going to pay a lot more for that milk and cheese . hurricanes and the victims need help. washington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ progressive claims. this is flo. i need you. i...
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jon: thank you both from each side, what is left of the fiscal cliff. harris: protecting children in schools after the tragedy in newtown, connecticut, some teachers are wanting to have guns in school. one attorney general says yes. he is standing by to talk with us next. also, the latest on george w. bush and his condition. the 41st president and why report yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. jon: there is growing support for the federal government to sell off billions of dollars worth of its property to help pay down our ballooning national debt. unused buildings, land and other assets could fetch billions, perhaps even trillions on the open market. what do you think of that idea? william la jeunesse live in los angeles with more on this. william? >> reporter: well, jon, why not have a massive garage sale? that is what families do when they need money. in fact the tax found
jon: thank you both from each side, what is left of the fiscal cliff. harris: protecting children in schools after the tragedy in newtown, connecticut, some teachers are wanting to have guns in school. one attorney general says yes. he is standing by to talk with us next. also, the latest on george w. bush and his condition. the 41st president and why report yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of...
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thank you both very much. >> thank you. tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does not move fast, you're going to get note that the supermarket, and you're going to pay a lot more for that milk and cheese . hurricanes and the victims need help. washington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if yr bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. your soups are so awesomely delicious my husbandnd i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. we've got a lot of empty cans. i need you. i feel so alone. but you're not alone. i knew yo
thank you both very much. >> thank you. tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does not move fast, you're going to get note that the supermarket, and you're going to pay a lot more for that milk and cheese . hurricanes and the victims need help. washington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ this is $100,000. we asked total strangers to...
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Dec 29, 2012
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gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax ratesre scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been talking about. a hundred billion dollars it hasn't happened yet. it's not like the deadline comes as a surprise to anybody at all, the least of all congress. they were the ones who extended the bush tax
gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax ratesre scheduled to go up by law. every american...
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, businesses bracing for the fiscal cliff. we'll ask chairman and ceo thomas fanning if the deal is possible and how his company is preparing for the cliff. >> still ahead, as we approach the fiscal cliff, hopes for a debt deal are fading. we'll talk to strategists from both parties about how to prevent disaster, and what happens if we go over the cliff. judd gregg and julie epstein will join us at the top of the hour. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, ri
, businesses bracing for the fiscal cliff. we'll ask chairman and ceo thomas fanning if the deal is possible and how his company is preparing for the cliff. >> still ahead, as we approach the fiscal cliff, hopes for a debt deal are fading. we'll talk to strategists from both parties about how to prevent disaster, and what happens if we go over the cliff. judd gregg and julie epstein will join us at the top of the hour. you won't take my life. you won't take our future. aids affects us...
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cliff. the only issue is how long do we stay over the cliff? if it's 60 days, 90 days, that's a big problem for the economy, for the market, and i think you want to raise cash. i recommend starting with a cash weight of at least 10% and go up 2.5% each week, depending on whether or not they can come to agreement. i mean, i think ultimately it probably will come to agreement, but let's face it, obama's not going to get inaugust -- inaugurated until the 21st, and boehner thinks the real deadline is february or early march. that's a time frame to look for, and the reality is if you look at the markets over the last while, they are correlated between the commodity markets, oil, bonds, stocks, and that has not been the case for many, many years, and so it's really one trade. there's a macro trade. what's going on in the u.s. with the fiscal cliff, and before that, it was all about europe. david: larry, your picks, disney and direct tv, i know you like the vegas stocks, las vegas sans, boyd gaming
cliff. the only issue is how long do we stay over the cliff? if it's 60 days, 90 days, that's a big problem for the economy, for the market, and i think you want to raise cash. i recommend starting with a cash weight of at least 10% and go up 2.5% each week, depending on whether or not they can come to agreement. i mean, i think ultimately it probably will come to agreement, but let's face it, obama's not going to get inaugust -- inaugurated until the 21st, and boehner thinks the real deadline...
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breaking news, president obama urges congress to make a deal to overt the fiscal cliff. he announces no deal, but progress may be in sight. >> and that would be the wrong thing to do for our e con mu. it would be bad for middle class families and bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion here at the white house about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> it comes after speaker boehner left the white house. he didn't say anything to reporters and neither did anyone else who was seen leaving the meeting. here's what we do know. in just four days, taxes will go up on millions. and millions more will have their vital unemployment benefits run out. that's why president obama organized the meeting with vice president biden, speaker boehner, nancy pelosi and senators
breaking news, president obama urges congress to make a deal to overt the fiscal cliff. he announces no deal, but progress may be in sight. >> and that would be the wrong thing to do for our e con mu. it would be bad for middle class families and bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion here at the white house about how to prevent this tax hike on the middle...
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Dec 29, 2012
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thank you both very much. >> thank you. tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does not move fast, you're going to get note that the supermarket, a you're going to pay a lot more for that milk and cheese . hurricanes and the victims need help. washington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ it was the biggest race of the year, and no matteoqat, i was gonna win. someti[js...things happen you just canoi explain. )a ♪ oh, i believe there e angels among us... ♪r> and some things ar more importanthan winning. #% ♪ sent iíwn to us #]from somewhere up(above ♪r2 #o♪hey come to you and me ♪ i don't remember who won the ra that day...r2 ♪ to show usfr how to live, ♪ ... bui'll(never forget how i felt. ♪ to teach us f:how to give ♪ to guide us with the light of love. ♪ but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung functi
thank you both very much. >> thank you. tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does not move fast, you're going to get note that the supermarket, a you're going to pay a lot more for that milk and cheese . hurricanes and the victims need help. washington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ it was the biggest race of the year, and no...
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Dec 24, 2012
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people are nervous about the fiscal cliff. you say we will trade at. >> i've seen the financial stocks, which are a very important indicator of the market. they have been very strong, and living today. we have seen some nice follow-through from companies like goldman that finally have been able to get above key technical levels. also there is no recall when addressing. the window dressing is the group , loss on wall street among the money managers say let's get that market really strong for the end of the year. we want to see nice numbers, and gerri: you guys do nothing and fundamentals anymore. it's amazing to me. >> you're right, and that is part of the problem with the street, but those two are bottom-up fundamental analysts, we really like the guidance that we saw that came out of it. many of these industrial multi complex companies that are very importaat indicators. gerri: like it when you talk but companies like those, because those are real companies. illinois tool works, fundamental company manufacturing, doing all th
people are nervous about the fiscal cliff. you say we will trade at. >> i've seen the financial stocks, which are a very important indicator of the market. they have been very strong, and living today. we have seen some nice follow-through from companies like goldman that finally have been able to get above key technical levels. also there is no recall when addressing. the window dressing is the group , loss on wall street among the money managers say let's get that market really strong...
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. >> sam, thank you. >>> this morning, both sides, now, looming, four days from the fiscal cliff. everybody's taxes will be going up if we go over it. drastic budget cuts will be going into effect. and leaders in washington have agreed to talk there's a meeting scheduled this afternoon at the white house. abc's chief white house correspondent, jonathan karl, joins us now to tell us what we can expect today. both sides agreeing to meet. we want to take a listen to sound from both sides. the looks of things, no one may be getting too far down the road. first, let's listen to what senate minority leader mitch mcconnell said yesterday on the senate floor. >> i told the president we'd be happy to look at what he proposes. but the truth is, we're coming up against a hard deadline here. and republicans aren't going to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> meanwhile, the senate majority leader, now, had even harsher words for gop leadership. >> the house of representatives is operating out the house of rep
. >> sam, thank you. >>> this morning, both sides, now, looming, four days from the fiscal cliff. everybody's taxes will be going up if we go over it. drastic budget cuts will be going into effect. and leaders in washington have agreed to talk there's a meeting scheduled this afternoon at the white house. abc's chief white house correspondent, jonathan karl, joins us now to tell us what we can expect today. both sides agreeing to meet. we want to take a listen to sound from both...
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thank you very much. >>> with just four days left to avoid the fiscal cliff, congressional leaders heading to the white house this afternoon for key talks with president obama. nbc's capitol hill correspondent kelly o'donnell has more. kelly, good morning. >> reporter: good morning, willie. the top two democrats and republicans from the house and senate will sit down with the president middle of the afternoon. but we should tell you that behind the scenes the most senior staffers who have been given the task of negotiating have continued their conversations looking for ways to try to bring a deal together. while the elected officials know they need to be more visible. >> mr. speaker, we ought to be here working, addressing these challenges. >> reporter: under pressure to show up, even if there is no deal to consider, congress will work this holiday weekend. the deadline is so close, outgoing members have already packed up their offices and need to move out while the harsh tone is going nowhere. >> the american people, i don't think understand the house of representatives is operating witho
thank you very much. >>> with just four days left to avoid the fiscal cliff, congressional leaders heading to the white house this afternoon for key talks with president obama. nbc's capitol hill correspondent kelly o'donnell has more. kelly, good morning. >> reporter: good morning, willie. the top two democrats and republicans from the house and senate will sit down with the president middle of the afternoon. but we should tell you that behind the scenes the most senior staffers...
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thank you. >>> and it is the dreaded fiscal cliff that has the president heading home early tonight from his hawaiian christmas vacation. as some lawmakers are also heading back to washington. but with just six days to go, homes for a last-minute deal may be fading. nbc's kristin welker is with us tonight from honolulu. kristen. >> reporter: natalie, good evening. with president obama flying home this evening, the political rhetoric has already started, with republicans urging action in the senate, and with democrats calling on republicans to put middle class families first. the president and first lady spent part of their christmas visiting troops in honolulu. >> we want to say thank you. we love you. >> reporter: but now he heads back to a snowy washington, where the last hope for a deal to avert the fiscal cliff is the senate, which returns tomorrow. majority leader harry reid is devising a partial solution that could ease economic fears. >> if we go over in a chaotic fashion, where members of congress are deeply grid locked with no sign of coming together, then we're likely to go ove
thank you. >>> and it is the dreaded fiscal cliff that has the president heading home early tonight from his hawaiian christmas vacation. as some lawmakers are also heading back to washington. but with just six days to go, homes for a last-minute deal may be fading. nbc's kristin welker is with us tonight from honolulu. kristen. >> reporter: natalie, good evening. with president obama flying home this evening, the political rhetoric has already started, with republicans urging...
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these fiscal cliff negotiations. which side will likely face the bulk of the blame if there is no deal. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. with a new project in mind, some how-to knowledge to give us an new years clutter is no match for someone with big ideas. edge, and more savings down every aisle. it only takes a few twists and turns for those bright ideas to make the new year even brighter. more saving. more doing. that's the power of the home depot. start fresh and save with hdx 20 gallon totes, a special buy at just $5.
these fiscal cliff negotiations. which side will likely face the bulk of the blame if there is no deal. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly...
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thank you both for being iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economist arthur lapert joins us to tell us how this joins us to tell us how this game [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchas online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.copricerewind. citi price rewind. want to know what i did in the last five hours?i pl. then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a pingong master while recording my debut album. how yoask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. >> is very
thank you both for being iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economist arthur lapert joins us to tell us how this joins us to tell us how this game [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get...
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thanks for being back. if we go over the fiscal cliff works comes out on top? >> it sounds like the president does, after all, he's the won the election. the polls show that the american people for the most part favor some sort of tax increase for the wealthy, but quite frankly the losers are just about everybody. certainly those who are in the position to need unemployment insurance, federal workers, those who are beholden to the government, that type of thing, and i think that also the political system in the united states is a loser. i really do believe that the polls bear this out, that people are really getting disgusted with all the players in this game, and they want to see it stopped. >> let bring in paul cain, congressional correspondent for the "washington post." you know, to what bob was just saying americans are shaking their heads at all of this, just watching this blame game and wondering where are we going with this. >> you know, melissa, the other night mark begich, freshman senator from alaska when he was walking out friday night, he called it
thanks for being back. if we go over the fiscal cliff works comes out on top? >> it sounds like the president does, after all, he's the won the election. the polls show that the american people for the most part favor some sort of tax increase for the wealthy, but quite frankly the losers are just about everybody. certainly those who are in the position to need unemployment insurance, federal workers, those who are beholden to the government, that type of thing, and i think that also the...